AGGREGATE ASSETS Definition

Bookmark and Share

AGGREGATE ASSETS see AGGREGATE.

Learn new Accounting Terms

MCS see MATERIAL CONTROL SYSTEM.

PROVISION FOR CREDIT LOSSES, in lending institutions, is a charge to income which represents an expense deemed adequate by management given the composition of a bank's credit portfolios, their probability of default, the economic environment and the allowance for credit losses already established. Specific provisions are established to reduce the book value of specific assets (primarily loans) to establish the amount expected to be recovered on the loans. See also PROVISION.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.